Breakdown of Paperwork Needed to Sell a House

Property Disclosure Statement

Most states require that sellers have a property disclosure statement at the time of sale. This document
contains a complete disclosure of all the facts on their home. This makes it easier for the buyer to know
exactly what they are getting themselves into.

Perhaps what is most important about this document is that it tells the potential buyer all the problems
that come along with the home. Many potential buyers will miss these things when they are touring thehome, and will need this information for a fair sale.

Residential Real Estate Sales Contract

When you are making a big purchase such as a home, you need to put an agreement in writing before
anything is finalized. The formal way to do this is draft up a residential real estate sales contract. Here
you will put all the terms of the sale.

Typically, this will include basic info such as the buyer’s name, the seller’s name, the type of deed being
handed over, and a complete description of the property. This form will be legally-binding and assuring
that a sale is being made.

Third Party Financing Addendum

If the buyer of a home is in need of a third-party loan of some sort for making the purchase, then you
will need to prepare a third-party financing addendum. This will describe the exact terms of the loan,
how the seller will receive payment, how the buyer intends to pay off the loan, and so on.

Previous & Current Rental Agreements

If you have any rental agreements handy that are either current or previously completed, you should
provide these as part of the sales process. This helps the new buyer get acquainted with previous use of
the property, how much it could rent for on a monthly basis, and so on.

In addition, those who have current rental agreements will likely cause the new buyer to wait a little bit
before they are able to move in. For this reason, having the rental agreement ready will make it easier
for the buyer to work with existing tenants and help them move out in a peaceful manner despite the
new ownership.

Invoices for Past Work

If you had recently got maintenance work done on your home, you should keep the invoices handy for
when you are ready to sell the home. This will both be a good measure of trust as well as prove that
certain things were done that you may not have mentioned.

It is also important that you are transparent as a property owner while selling the home. Otherwise, it
will be a lot easier to make a quick sale on your home. Therefore, have all invoices and receipts for
previous renovations and/or repairs!

Property Tax Paperwork

When you are selling your home, one of the things a new buyer will need to know about are the
property taxes. As a homeowner, you have to pay yearly taxes for owning property. Generally, these are
calculated using the total value of your home as prepared by the city authorities.

Other Misc. Forms

In addition to the main forms listed above, you might need to produce more paperwork before you can
sell your home. Things like a home inspection certificate, lead-based addendum (if your home was built
before lead paint was outlawed in 1978), copies of utility payments, the list of chattels in the home, and
so on may be necessary.

Ready to Sell Your Colorado Home?

If you want to sell my house for cash in Colorado Springs CO, then Sell My House to Smith is a great
company to check out. We can give you quick cash offers on your home. This way, you can avoid some
of the paperwork above like the Third Party Financing Addendum and get a quick sale that doesn’t
involve long nights of stress and an overwhelming sales and marketing process.